Tag archive: akamai technologies inc

Shares of Web video delivery company Akamai Technologies Inc. rose Friday after two analysts upgraded the stock based on an upbeat outlook for online commerce. Shares rose $1.26, or 5.3 percent, to $25.03 in afternoon trading Friday.  Citi Investment Research analyst Mark Mahaney upgraded Akamai to “buy” from “hold” and set a price target of $31.

The problem began about 8:45 a.m. EDT and lasted about two hours, said Jeff Young, a spokesman for Akamai Technologies Inc., whose network of servers mirror some of the Web's top destinations to improve their performance. Young called it a “large scale, international attack on Internet infrastructure.” However, there was no evidence that non-Akamai infrastructure was affected. Amit Yoran, head of the Department of… Read More